[{"data":1,"prerenderedAt":45},["ShallowReactive",2],{"q-sec_sr_invest-115-1-009":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"sec_sr_invest","證券商高級業務員資格測驗——證券投資與財務分析(試卷「投資學」)","c4",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":17,"explanation":19,"difficulty":20},"sec_sr_invest-115-1-009","115-2",15,"甲公司每年固定配發現金股利 4 元，不配發股票股利，其股票必要報酬率為 10%，若其貝它係數為 1.1，在零成長之股利折現模式下，其股價應為：",[13,14,15,16],"44.4 元","33.3 元","40 元","48.8 元",2,"股票評價與基本分析","(C) 對。零成長股利折現模式視股利為永續年金,股價 P=每股股利 D÷必要報酬率 k。股利固定 4 元、必要報酬率已直接給定 10%,故 P=4÷0.10=40 元。貝它係數 1.1 是純干擾項:CAPM 的用途是「推算」必要報酬率,題目既已給定 k=10%,就不需要(本題也缺無風險利率與市場報酬率,無從)再用 β 換算。留意此模式分母必須是必要報酬率。(A) 44.4 元、(B) 33.3 元、(D) 48.8 元皆為分母取錯所得,與題給的 10% 不符。","medium",[22,25,29,33,37,41],{"id":23,"question":24,"qno":10},"sec_sr_invest-114-3-015","當國外大型塑膠廠發生火災時，對國內生產同產品之塑膠類股股價的影響為何？",{"id":26,"question":27,"qno":28},"sec_sr_invest-114-3-017","其他因素不變下，新臺幣升值會引起進口物價：",17,{"id":30,"question":31,"qno":32},"sec_sr_invest-114-3-018","經濟的「痛苦指數」是指：",18,{"id":34,"question":35,"qno":36},"sec_sr_invest-114-3-019","價值型股票通常具有什麼特性？",19,{"id":38,"question":39,"qno":40},"sec_sr_invest-114-3-034","老王對甲公司與乙公司股票之要求報酬率為 12%，而預期兩股票均可在未來一年發放 2 元之現金股利，而甲公司每年股利可成長 9%，乙公司可成長 8%，則甲股票之價格應較乙股票：",34,{"id":42,"question":43,"qno":44},"sec_sr_invest-114-3-035","在股東權益報酬率(ROE)小於資金成本率(K)且為正數的情況下，當公司把盈餘保留率提高時，下列何者正確？",35,1787293958164]